Ministry, steel firms work to seek exemption from US duties
Ministry, steel firms work to seek exemption from US dutiesThe Ministry of Industry and Trade (MoIT) is working with steel businesses to handle procedures required by the US Department of Commerce (DoC) to seek exemption from duties by proving their products are not made from Chinese materials. It will also collect AD and CVD cash deposits on imports of cold-rolled steel produced in Vietnam using Chinese-origin substrate at rates of 199.76 percent and 256.44 percent, respectively. Cash deposits will apply to all unliquidated entries on or after November 4, 2016, the date the inquiries were initiated. The MoIT has been working with the Vietnam Steel Association and businesses to monitor the investigations since they were launched. The Vietnam Steel Association and steel producers of Vietnam have also worked with the US to clarify the origin of steel materials and the production process in the country.
Source:VietNamNet News
May 25, 2018 04:18 UTC
World leading cueists compete in Billiards World Cup in HCM City
World leading cueists compete in Billiards World Cup in HCM CityClose to 150 leading cueists from 17 countries and territories worldwide are gathering for the Three-Cushion Carom Billiards World Cup, which will officially open in Ho Chi Minh City on May 25. Qualifier round of the Three-Cushion Carom Billiards World Cup on May 24Among them are world number one Caudron Frederic of Belgium, world number two and defending champion Merckx Eddy, also of Belgium, Spaniard David Martinez, Japanese Yusuke Mori and the Dutchman Sam Van Etten. “The event will have a high competition as it attracts many famous names around the world. This is the fourth time HCM City has hosted the Billiards World Cup. The tournament will conclude on May 27.-VNA
Source:VietNamNet News
May 25, 2018 03:33 UTC
Vietnamese firms using e-invoices reach 9,000
Vietnamese firms using e-invoices reach 9,000The number of Vietnamese firms using e-invoices has increased from roughly 800 in 2016 to over 9,000, according to the General Department of Taxation (GDT). The firms have issued and used more than 600 million e-invoices, the department reported. However, the number of firms using e-invoices is still modest as there are more than 500,000 firms in the country. The GDT currently permits firms to use either paper invoices or e-invoices. However, Vietnamese firms still need to promote the application of new technological solutions to enhance management and competitiveness.
Source:VietNamNet News
May 25, 2018 03:22 UTC
Vietnamese exports to Africa face price challenges
Vietnamese exports to Africa face price challengesVietnamese exports to Africa have faced price-related challenges as they have to compete with other African nations in terms of import tax, given the fact there is no free trade agreement or preferential trade agreement between Vietnam and regional countries. The agreement will address seven priority areas related to trade: policy, infrastructure, finance, information, market integration, productivity increase and trade facilitation. The Vietnamese office said the CFTA helps cut commercial costs and enable African consumers to access diverse products with lower prices. Pointing out price challenges for Vietnamese exports to Africa, the office suggested Vietnamese businesses make use of benefits brought about by the pact, which will turn Africa into a busier and more promising area for commercial activities. Additionally, the number of mobile phone subscribers in Africa increases the fastest in the world, she said, describing this as a great opportunity for Vietnamese telecommunications firms.
Source:VietNamNet News
May 25, 2018 03:00 UTC
Socio-economic issues high on agenda of National Assembly
Socio-economic issues high on agenda of National AssemblySocio-economic issues are high on the agenda of the National Assembly (NA) on May 25 and 26, which are important discussions part of the ongoing fifth session of the 14th-tenure parliament. Amendments of denunciation, competition law discussedThe 14th National Assembly (NA) convened its plenary session on May 24, with debates focusing on amendments of the Law on Denunciations and Competition Law. In the afternoon session, the NA members discussed the amendments of the Competition Law. They made recommendations on the issues of application of legal regulations on litigation, identification of the rights and responsibilities of the National Competition Committee and inspection agencies, among others. On May 25, the deputies will discuss the evaluation of the implementation of the socio-economic development and state budget plan in 2017, the execution of the socio-economic development and state budget plan in the first months of 2018, and the 2016 state budget balance sheet.
Source:VietNamNet News
May 25, 2018 02:37 UTC
North Korea ready to talk 'at any time' with Donald Trump
North Korea ready to talk 'at any time' with Donald TrumpNorth Korea has said it is still willing to talk "at any time in any form" after US President Donald Trump abruptly cancelled his meeting with Kim Jong-un. A senior administration official in the US later gave further details, saying North Korea had shown "a profound lack of good faith". In a later statement at the White House, Mr Trump said the step was a "tremendous setback for North Korea and the world", adding the US military was "ready if necessary" to respond to any "reckless" act from North Korea. Choe Son-hui had said the suggestions from US Vice-President Mike Pence that North Korea "may end like Libya" was "stupid". UN Secretary General Antonio Guterres said the US and North Korea should not give up, saying "nerves of steel" were required.
Source:VietNamNet News
May 25, 2018 02:26 UTC
VIPs build wooden houses as illegal loggers continue to decimate forests
VIPs build wooden houses as illegal loggers continue to decimate forestsVietNamNet Bridge - Top businessmen and high-ranking state officials in the Central Highlands have spent billions of dong to build wooden villas. There are many large wooden houses in Gia Lai provinceDespite the PM’s command on forest closure, deforestation continues apace. The border Ia Grai district in Gia Lai province is an area where there are still large natural forests. The road section from the Ia Grai district’s center to Ia O commune is 50 kilometers long only, but there are many wooden houses. The gate is made of large wooden trunks, and the doors are made of precious wood with delicate patterns.
Source:VietNamNet News
May 25, 2018 02:26 UTC
Miners stir discontent as they continue selling ore on the cheap
Miners stir discontent as they continue selling ore on the cheapVietNamNet Bridge - A report from the General Department of Customs (GDC) found that ore and minerals that Vietnam exports to China are much cheaper than exports to other markets. The exports to China amounted to 80 percent of total exports, 1.2 million tons. The prices of minerals sold to South Korea were 10 times higher than to China, at VND5.8 million per ton. “Why does Vietnam sell ores and minerals cheaply to China? “It is dangerous to sell raw resources, and it would be even more dangerous to sell raw resources as low prices,” Ba said.
Source:VietNamNet News
May 25, 2018 02:15 UTC
VinUni – a new ambition of billionaire Pham Nhat Vuong
VinUni – a new ambition of billionaire Pham Nhat VuongVietNamNet Bridge - Vietnam’s tertiary education system has a new link, VinUni, a private university belonging to Vingroup. Vingroup, established as a real estate developer, recently poured money into many non-real estate business fields, including retail and automobile industry. Vingroup, established as a real estate developer, recently poured money into many non-real estate business fields, including retail and automobile industry. It has announced the establishment of VinUni, a not-for-profit higher education system, which will begin enrolling students by 2020. VinSchool, the general education system of Vingroup, only brings one percent of Vingroup’s total revenue & profit in 2017.
Source:VietNamNet News
May 25, 2018 00:22 UTC
VN young scientist with 47 ISI publications and scientific awards
VN young scientist with 47 ISI publications and scientific awardsVietNamNet Bridge - Being one of the two young scientists nominated for the Ta Quang Buu Award in 2018, at the age of 34, Truong Vu Thanh of Ho Chi Minh City University of Science & Technology has made remarkable achievements with 47 ISI publications and scientific awards. Mr Truong Vu ThanhHis ‘research work is titled “Azobenzene-containing metal–organic framework as an efficient heterogeneous catalyst for direct amidation of benzoic acids: synthesis of bioactive compounds”. Being one of the two young scientists nominated for the Ta Quang Buu Award in 2018, at the age of 34, Truong Vu Thanh of HCMC University of Science & Technology has made remarkable achievements with 47 ISI publications and scientific awards. In the same year, the results of their scientific research were published in Chemical Communications, Scimago’s journal ranked Q1 with the impact indicator of 6.10. The subjects for selection are ISI published articles in chemistry, and articles in SYNFACTS will receive comments from renowned specialists in the field.
Source:VietNamNet News
May 25, 2018 00:11 UTC
Well-trained staff resign from Danang’s state agencies
Well-trained staff resign from Danang’s state agenciesUp to 40 people who are members of the central city of Danang’s a high-quality workforce training project have resigned from municipal state agencies. Among those, 460 graduated and are working for the municipal state agencies. Chinh admitted that current low salaries and subsidies are among the main reasons why state agencies find it difficult to lure qualified people. The resignations of staff from Danang City’s state agencies is an example of the low confidence people have in public services. It is essential for state agencies in Vietnam to have better mechanisms to retain talented people, Quoc warned.
Source:VietNamNet News
May 24, 2018 07:30 UTC
2018’s summer not harsh, expert says
2018’s summer not harsh, expert saysVietNamNet Bridge – La Nina will conclude and move to a neutral state from around June, and maintain this status until the end of this year, said meteorologist Le Thanh Hai. The first heat wave of this year’s summer has just appeared, although with a moderate temperature when compared to past years. It is likely that this summer will have about six to eight heat waves, none will be long lasting. In the summer of 2017, there were 15 heat waves; most of them were long lasting and severely hot. According to Hai, there are two types of heat wave, each with its own characteristics.
Source:VietNamNet News
May 24, 2018 06:45 UTC
Uber ends Arizona driverless car programme
Uber ends Arizona driverless car programmeUber has pulled the plug on its self-driving car operation in Arizona two months after a pedestrian was killed in an accident involving one of its cars. Uber began testing its first self-driving cars in Pittsburgh, Pennsylvania in 2016, gradually expanding to other places, including Arizona, San Francisco, California and Toronto. It halted all those operations in March after the crash, which sparked debate about the readiness and safety of driverless car technology. About 300 workers for the firm's self-driving programme in Arizona will lose their jobs. Uber boss Dara Khosrowshahi said Uber was likely to remain in the red as it reinvested in its food-delivery and new bike-renting services.
Source:VietNamNet News
May 24, 2018 06:22 UTC
Pho Hien set to be new tourism hub
Left, right, left: The procession is popular among the cultural and spiritual activities at the Pho Hien folk cultural festival. — Photo hungyentourism.com.vnIn its tourism development plan, recently approved by the provincial authorities, the ancient Pho Hien (Hien Street) relic complex and the Hong (Red) River eco-travelling lodge have been listed as trade marks of Hung Yen tourism. Pho Hien preservationHung Yen has, for several years, undertaken measures to preserve the ancient Pho Hien relic complex, which is recognised as a special national heritage site. It is among the 16 historical relics in the Pho Hien complex recognised as special heritage sites. Pho Hien was second only to the imperial capital city of Thang Long as a trading point.
Source:VietNamNet News
May 24, 2018 06:11 UTC
P2P lending feared to trigger black credit
P2P lending feared to trigger black creditVietNamNet Bridge - Peer to Peer Lending (P2P), under which lenders and borrowers connect via apps, has been developing rapidly in Vietnam. P2P lending has been developing rapidly in VietnamNguyen Thi Thinh, 20, a petty merchant in HCMC, said she borrowed money this way recently. Nguyen Tri Hieu, a banking expert, said P2P companies are not credit institutions, so they do not have to be put under the control of the State Bank of Vietnam. However, they carry out activities of mobilizing and lending capital, as currency brokers, and must be put under professional control by the State Bank of Vietnam. She borrowed VND18 million at the interest rate of 2.99 percent per month and though she paid debts for seven months, she still owes VND14 million.
Source:VietNamNet News
May 24, 2018 05:37 UTC